Your investment in rental property provides:
A fast cash flow infusion
Build equity as tenants pay off your mortgage
Strong Capitalization rate of 10% or more
Tax write offs
Leverage OPM & mortgage the property
Rental properties are cash flowing again and now is the ideal time to be a Landlord.
Foreclosures and new funding restrictions are driving rental prices sky high and vacancy rates are now the lowest they've been in the last 10 years.
Buy residential properties that are low maintenance and can stand up against wear and tear. And although, the property may appear to be in perfect condition, always factor in at least a 3% maintenance cost with the expenses.
The location needs to be close to schools, employment, public transportation, and shopping. If not, factor in an extra month to get it rented.
Are you going to be a Do it yourself Landlord?
Technology and software will give you automated systems that will help
you manage your properties. Evaluate and analyze. Calculate your ROI and know if your rental unit will make money. The best property management software will analyze and market your single family residential or commercial apartment buildings. It's push button simple to use and the reports and summaries are easy to understand. Perspective tenants can apply online, sign leases and submit payment all from a resident portal. The Landlord command portal gives you access to a website for your company that automates all the leasing work. The software will also keep your company legal and compliant with financial reports, leases and 1099s.
Or you can leverage the expertise of a property management company or Realtor.
We highly suggest a hiring a professional real estate company so you don't get burned out from the day to day operations. They're a local presence that does all the work, they know the rules, they eliminate tenant headaches and usually at a cost of 7%-10% monthly. Giving you more time to do what you do best, find and secure more real estate deals.
Your investment in rental property creates a cash flow and grows
very well as tenants pay off your mortgage each month.
Think of tenants as part of your team for investing in rental property.
Screen your tenants and choose them wisely. Also use state specific
leases and contracts.
Create a home for your tenants instead of a place to live and they will reward you with long term leases and word of mouth advertising to their family and friends.
Give some of these easy and free incentives to your tenants.
Curb appeal and landscaping, neutral colors with interiors that are clean and in good repair, pest service, ice-makers, or cable TV, referral fee, and a bonus if rent is paid by the 1st of month.
Are you ready to start your love affair today with an investment in rental property?
Investment In Rental Property to Apartments